devaluate
/diːˈvaljʊeɪt
/verb [with object]
Reduce or underestimate the worth or importance of: the pound was devaluated further during the year...
- The newspaper wrote that the increase could seriously devaluate the Belarusian ruble.
- This threatens to devaluate culture in a way these authors may not wish.
- We're heading toward government devaluing its currency to devaluate its debt in order to survive.